Thursday, February 14, 2013

What Difference does the Interest Rate Make?


Interest rates have not been this low in decades. I just closed a transaction in which the buyer received a 3.5% interest rate on their 30 year mortgage. That is a fixed rate for the life of the mortgage. As you can see from the chart above it makes a big difference on your monthly payment. If you have been considering purchasing a home, now may be the time. Questions? Email or call me and we can discuss the process.

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